I have been talking with a domain name holder, and he has agreed to sell me one of his domains. He said he will transfer the domain to my name with godaddy (I will register for an account with godaddy first). How should I process the payment so that neither party (me or him) is at risk of fraud? TIA!

Thanks, the payment method was what I was concerned about. Now I am wondering if Escrow.com is the industry standard, or is it one of many companies that provide this type of service?
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whamsicoreJan 10 '11 at 3:58

It kind of is the Standard. Lots of sites use/recommend it.
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andrewkJan 10 '11 at 4:30